Canadian Company Offers Payday Lender Risk Assessment Bureau

Consumer Debtor Protection of Canada Ltd., an industry leader in Canadian debt management for nearly a decade, is proud to introduce Quickcheck – the first Payday Lender Industry Risk Assessment Bureau.

CPDCL President & CEO Sedef Karansu commented, “Until now a centralized, non-platform solution for an Industry Risk Assessment software has not existed. We have designed a process that gives the Payday Lender exactly what they require and need. Based on the features demanded by Payday Lenders, we have created an innovative, user-friendly tool that is now available to the industry, as the number of people with multiple Payday Loans against the same pay period is staggering and is alarmingly becoming an increasing factor to the climbing consumer insolvency rates.”

Quickcheck’s innovative features include but are not limited to:

• Real Time Assessment and Reporting
• Fraud Prevention
• Decreasing Risk Losses

Roy Toker, Vice President – Operations has added, “Until now, Payday Lenders have been lending ‘blind’ relying on gut instincts and very limited internal data in order to determine the optimum lending and collection strategy. This groundbreaking tool will allow them to know their clients just as well as the prime institutions currently utilizing credit bureaus as part of their lending policy.”

Quickcheck is being launched in Canada in the fall of 2012, and plans to commence operations in the US in early 2013.

To find out more about the features of Quickcheck and to register for the upcoming introductory webinar on August 21st 10:00 am EST, please visit www.quickcheckcanada.com.